Over 25.5 million barrels of oil exported from Azeri-Chirag-Gunashli field block this July

Baku, Fineko/ This July Azerbaijan International Company of Azerbaijan (AIOC) transported oil via the Baku-Tbilisi-Ceyhan (BTC) and Baku-Supsa pipelines.

AIOC reports that July’s oil export via BTC route totaled 25.469 million barrels or 3.4 million metric tons.

“This July export via BTC totaled 25.33 million barrels (3.4 million tons) and Baku-Supsa 136,717 barrels (18,475 tons). For Jan-Jul export via BTC reached 155.67 million barrels (20.9 million tons). Baku-Supsa pipeline stood idle since 2006. Its pumping resumed this May and until August 1 the pipeline was pumped 193,685 barrels (26,176 tons),” AIOC informs.

Export via Baku-Batumi railroad route for Mar-June (in July export via this route was not conducted) made up 4.3 million barrels (574,106 tons). Totally, oil export for Jan-Jul 2008 reached 155.867 million barrels (20.94 million tons) and taking into account export by rail 160.17 million barrels (21.5 million tons).

AIOC has stopped export of oil produced at Azeri-Chirag-Guneshli (ACG) contract oilfield block (Azerbaijani sector of the Caspian Sea) via Baku-Novorossiysk pipeline since November 1, 2007.

In 2007 export reached 218.238 million barrels or 30.207 million tons, including 204.58 million barrels (27.509 million tons) via BTC pipeline. The rest exported volume last year fell to transportation via Baku-Novorossiysk (6.339 million barrels or 856,303 tons in the 1st quarter and October) and by rail (7.318 million barrels or 985,668 tons).

The Production Sharing Agreement Contract for Azeri-Chirag-Gunashli block development was signed September 20, 1994. The block development is carried out by several phases: oil production on Chirag has been conducted since 1997 within Early Oil Project; within Phase 1 of Azeri Project oil production on Central Azeri began since March 2005, within Phase 2 production on West Azeri has been conducted since late 2005 and oil production on East Azeri started. Within Phase 3 (Deepwater Gunashli) of ACG development construction is ongoing and oil production start is scheduled for 2008.

The ACG project partners are: BP (operator: 34.1367%), Chevron (10.2814%), ExxonMobil (8.0006%), Devon Energy (5.6262%), Amerada Hess (2.7213%), SOCAR (10%), Inрex Corр. (10%), Itochu Oil (3.9205%), Statoil (8.5633%), and TPAO (6.75%).



07.08.2008 11:42


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